Well known Chinese company with a cult-like following Xiaomi has unveiled two new smartphones today. And that’s really something, since it’s used to maybe this many releases in an entire year.

Xiaomi likes to sell its wares online only and in batches, and it was among the first Chinese phone makers to heavily emphasize the price per features ratio in smartphones. Its products have always been extremely affordable, given their innards.

And so are the MI2S as well as the MI2A. The Xiaomi MI2S is basically an improved MI2, a model that was launched last year. The MI2S comes with a 4.3-inch 720p IPS touchscreen, a 1.7 GHz quad-core Qualcomm Snapdragon 600 processor, a 13 MP BSI rear camera, a 2 MP front camera, 2 GB of RAM, all the usual connectivity options, and a 2,000 mAh battery. Its dimensions are 126x62x10.2 mm, and it weighs 145 grams. It runs Android 4.1 underneath the MIUI v5 ‘operating system’ layer, which effectively changes Android entirely.

The Xiaomi MI2S is priced at 2,299 yuan with 32 GB of internal storage space. That’s about $370 or €283 if we go by today’s exchange rates. There will be a 16 GB version too, but it’s important to note that this will come with an 8 MP camera (as opposed to the more expensive model’s 13 MP shooter). The 16 GB MI2S will be priced at 1,999 yuan, or approximately $322 or €246.

Moving on, the Xiaomi MI2A is basically the ‘youth version’ of the MI2. Every big Chinese phone maker is now used to putting out ‘youth versions’ of its devices. These are products that look similar to the flagship offerings, but are cheaper and come with certain pared down specs (not all, though). If the high-spec handsets are incredibly cheap compared to what we see in the ‘western world’, imagine how affordable these ‘youth versions’ turn out to be.

Actually, don’t. Imagine, that is. Just know that the MI2A will retail for 1,499 yuan, which is about $241 or €184. So what do you get for that amount of cash, you wonder?